Musk’s statement comes after millions of Twitter users voted for him to step down in a poll conducted by him.
, Musk’s net worth stands at $155.8 billion, more than a 50% drop from a peak of $320 billion in November 2021. The sharp decline has been driven by the poor performance of Tesla’s stock and has resulted in him ceding the world's richest person title to Bernard Arnault, CEO of luxury goods conglomerate LVMH.Both Musk and Twitter have been embroiled in a series of controversies ever since he paid $44 billion to acquire the social media platform in late October.
Musk who fashions himself as free speech absolutist initially signaled that Twitter would remain open to everyone, including his critics and he would hand off complex decisions about content moderation and policy decisions to an. The billionaire, however, reneged on this promise last month and began assuming the role of the final arbiter of what Twitter should and should not allow.
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